Stock market live updates: The key benchmark indices held minor cuts in Monday’s session tracking weakness in global markets as investors raised bets of steeper rate hikes by the US Fed, following positive unemployment data on Friday. Besides, the RBI, too, is scehduled to announce its rate hike decision on Wednesday.
The BSE Sensex was down over 250 points to 55,505, and the NSE Nifty50 slipped 60 points to 16,520. The broader markets were also in the red with the BSE MidCap and SmallCap indices down up to 0.9 per cent.
IT stocks led losses on the Sensex with Wipro, Tech M, Infosys, TCS and HCL Tech dropping 1-2 per cent. Bajaj twins, HUL and Asian Paints were the other notable laggards.
On the index front, the Nifty IT, Media, Metals, PSBs and Realty indices suffered the maximum losses, each down over 1 per cent. Other pockets were also in red.
CATCH ALL THE LIVE UPDATES